Markets

ASX: Australian shares set to slide on first trading day of 2019

Written by The ReReport
As seen in the Source link, written by dailytelegraph.com.au on 2019-01-02 11:24:23

Australian shares are set to slide on the first trading day of 2019, while a late rise on Wall Street couldn’t steer the market away from its worst year since 2008. Most major markets were closed on January 1, with the SPI200 futures contract last trading at 5561.0, 46 points or 0.81 per cent lower, hinting the benchmark ASX/200 is likely to slide on Wednesday.media_cameraSydney, Australia — March 5, 2014: An office worker crossing a road is reflected in the glass display of a trading screen at the Australian Stock Exchange on Bridge Street.The ASX slumped late in the final session of 2018, capping its worst quarter since September 2011 and its worst year in seven, down 6.9 per cent amid wider global volatility.Wall Street climbed in low-volume trading on Monday as revellers gathered to ring in 2019, in what will still go down as worst year for US stocks since the height of the global financial crisis.Meanwhile, the Aussie has edged lower, buying 70.56 US cents from 70.62 US cents on Monday.Originally published as ASX to begin 2019 with a hangover